AVISA PARTNERS acquired by RAISE

This transaction represents a strategic ownership transition wherein Bruin Sports Capital acquires a majority stake in Two Circles from global advertising group WPP, which will retain a minority equity interest to ensure continued network access and strategic client continuity between its global corporate brands and the agency. The acquisition materializes a proven operational partnership initiated in 2017 through the joint expansion of the NFL Game Pass platform across 181 countries, leveraging the target's predictive analytics engine to scale the acquirer's existing direct-to-consumer media investments

Axiom is being invested in by a vehicle backed by the Permira funds, marking the first external capital infusion for the legal talent platform. The agreement was signed in the fourth quarter of 2019 after a period of negotiations involving both parties' financial and legal advisors. The transaction follows Axiom’s multi‑year expansion into Europe and Asia and reflects the firm’s need for additional resources to accelerate product development and market penetration. The strategic rationale for the investment centers on Permira’s expertise in scaling technology‑enabled service businesses and its existing portfolio of professional‑services firms

Parquest Capital entered into exclusive negotiations to acquire a majority stake in ADIT from Weinberg Capital Partners. Parquest prevailed over competitors Abenex, LFPI, and a consortium of Raise and Amundi PEF. Historical shareholder Bpifrance, which held 34% prior to the deal, reinvested to maintain a ~20% stake in the new structure. The financing was secured through a unitranche facility provided by Idinvest Partners and CM-CIC Private Debt. Notably, foreign lenders were excluded from the process due to the sensitive and strategic nature of ADIT's activities

The acquisition of Comexposium by Crédit Agricole Assurances marks the exit of the private equity firm Charterhouse Capital Partners, which originally acquired its majority stake in 2015. This transaction involves the transfer of control to a major institutional investor while the Paris Ile-de-France Chamber of Commerce and Industry (CCIP) maintains its historical involvement and significant shareholding. The strategic rationale for the deal is rooted in the substantial value creation achieved during the previous ownership cycle, characterized by an aggressive external growth policy involving numerous strategic acquisitions

In a significant strategic shift, the management team of DIAM Group successfully regained majority control from Ardian. This transaction is a management-sponsored leveraged buyout, structured as a "sponsorless" operation. The broad base of internal executives successfully negotiated exclusive terms to orchestrate the complete exit of the incumbent private equity firm, Ardian, which had held the majority stake for a brief but highly successful holding period. By leveraging a bespoke financial package provided by the specialized minority investment partners, the management team successfully transitioned from minority stakeholders to absolute majority owners

Duff & Phelps has been acquired by a vehicle of the Permira funds. The transaction was announced in December 2017 and is subject to customary closing conditions, with completion expected in the first quarter of 2018. Existing shareholders, including The Carlyle Group, Neuberger Berman, the University of California’s Office of the Chief Investment Officer of the Regents and Pictet & Cie, will divest their holdings, while the current management team will retain a significant equity position and continue in their operational roles

Blackstone acquired a majority stake in Clarion Events from Providence Equity Partners in a competitive auction process involving five other private equity firms. The transaction was valued at �600 million (approximately $800 million). The strategic rationale for Blackstone was to acquire a market-leading platform with highly "sticky" recurring revenues and a proven management team. Following the acquisition, the group was merged with the Asia-based operator Global Sources to further solidify its presence in the APAC region

Abénex has successfully completed a strategic equity investment in Europa Group, acquiring a minority stake to support a new phase of international growth and consolidation. This primary transaction constitutes a minority leveraged buyout, allowing the target to reorganize its capital structure while ensuring the founding management team, retains absolute majority control (~60%). To adequately capitalize this next expansion phase, Abénex provides substantial financial resources and strategic expertise to fuel the group's aggressive cross-border acquisition pipeline

Ardian entered into exclusive negotiations to acquire majority control of the DIAM Group from exiting historical sponsors, led by LBO France, in a tertiary leveraged buyout. This transaction marked a key milestone for the group, following a period of substantial top-line growth where revenues jumped from €65 million in 2012 to over €200 million in 2015, fueled by an active "build-up" strategy including the 2016 acquisition of Maison Prugent. The deal featured a highly strategic reinvestment from both the existing executive management team and a historical minority institutional investor, ensuring operational continuity

The Carlyle Group has finalized an agreement to acquire a 51% majority shareholding in PA Consulting to fuel a new phase of international expansion and accelerated development. This strategic partnership is designed to provide the consultancy with the global reach, business connections, and M&A expertise needed to drive a significant rate of growth across the Americas, Europe, and the Middle East. A critical feature of the transaction is the retention of the organization’s independent brand, culture, and values, alongside continued share ownership by its employees